XN000022-1981-12-03 — Page 6

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THURSDAY, DECEMBER 3, 1981

INTERSET ON TAX RESERVE CERTIFICATES

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THE GOVERNMENT GAZETTE TO BE PUBLISHED TOMORROW (FRIDAY) CONTAINS A LEGAL NOTICE TO THE EFFECT THAT THE FINANCIAL SECRETARY HAS AUTHORISED A DECREASE IN THE RATE OF INTEREST PAYABLE ON TAX RESERVE CERTIFICATES. AS FROM DECEMBER 4, 1981, THE NEW ANNUAL RATE OF INTEREST WILL BE 12 PER CENT (TAX FREE) AS AGAINST THE CURRENT RATE OF 14.4 PER CENT (TAX FREE).

INTEREST ON TAX RESERVE CERTIFICATES IS CALCULATED IN MONTHLY STEPS AND THE NEW RATE WILL BE $1 PER MONTH PER $100. INTEREST ILL BE CREDITED AS BEFORE IN RESPECT OF COMPLETED MONTHS BETWEEN PURCHASE AND SURRENDER IN PAYMENT OF TAX.

INTEREST IS ONLY CREDITED WHEN CERTIFICATES ARE USED TO PAY TAX AND NO INTEREST IS DUE WHERE THE PRINCIPAL VALUE OF A CERTIFICATE IS REPAID BY A CHEQUE.

THE NEW RATE WILL APPLY TO ALL CERTIFICATES ISSUED ON OR AFTER DECEMBER 4, 1981.

CERTIFICATES WHICH WERE ISSUED BEFORE DECEMBER 4, 1981 WILL CONTINUE TO EARN INTEREST AS FOLLOWS:-

3.24% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER

5.04%

SEPTEMBER 22, 1978 AND BEFORE NOVEMBER 24, 1978-

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER NOVEMBER 24, 1978 AND BEFORE FEBRUARY 16, 1979- 5.76% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER

FEBRUARY 16, 1979 AND BEFORE MAY 4, 1979-

8.04%

8.4%

10.5%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 4, 1979 AND BEFORE OCTOBER 26, 1979-

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 26, 1979 AND BEFORE APRIL 11, 1980-

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER APRIL 11, 1980 AND BEFORE MAY 30, 1980-

9%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER MAY 30, 1980 AND BEFORE JUNE 27, 1980-

7.2%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER JUNE 27, 1980 AND BEFORE JULY 30, 1980-

6.24% PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER

JULY 30, 1980 AND BEFORE OCTOBER 16, 1980-

8.16%

PER ANNUM FOR CERTIFICATES ISSUED ON OR AFTER OCTOBER 16, 1980 AND BEFORE NOVEMBER 21, 1980-

/9.84% PER